AEM Holdings (AWX) investor relations material

Executive summary

• Revenue reached S$116.9M in 1Q2026, up 35.8% year-over-year and 4.5% sequentially, driven by AI/HPC production ramp and stronger PC/Foundry customer orders.

• Profit before tax was S$17.8M (15.2% margin), up 10.8 percentage points year-over-year, with EPS (diluted) at 4.59 cents, up 337.1% year-over-year.

• Net profit reached S$14.3M, with net profit margin at 12.3%.

• Strategic partnership with ASE, the world's largest OSAT, announced to deliver next-generation test solutions and access hyperscaler customers.

• Awarded the 2026 Intel EPIC Supplier Award for performance, innovation, and collaboration.

Financial highlights

• Revenue: S$116.9M (+35.8% YoY, +4.5% QoQ).

• Profit before tax: S$17.8M (15.2% of revenue, +10.8pts YoY, +1.7pts QoQ).

• Diluted EPS: 4.59 cents (+337.1% YoY, +13.3% QoQ).

• Test Cell Solutions contributed S$88.1M, 75% of group revenue.

• Net cash position of S$56.5M as of 31 March 2026.

Outlook and guidance

• FY2026 revenue guidance revised upward to S$550M–S$600M, reflecting 38–50% growth over FY2025.

• Fabless AI/HPC customer expected to become largest revenue contributor in FY2026.

• Memory segment to begin production ramp in 2H26, with early revenues expected.

• First deployment through ASE partnership expected in late 2026, unlocking hyperscaler access.

• Serviceable available market projected to grow from US$3B to US$4.5B by 2028.